FastTrack Bonus Incentives
FastTrack Bonus Incentives from the Tennessee Department of Economic and Community Development offer enhanced support for projects driving investment and job creation in at-risk or distressed Tennessee counties.
Funder: Tennessee Department of Economic and Community Development
Due Dates: Rolling (No fixed deadline)
Funding Amounts: 35%–50% premium added to standard FastTrack support for eligible projects in at-risk or distressed counties; total award varies by project.
Summary: Enhanced grant premiums for FastTrack-supported projects in Tennessee's at-risk or distressed counties to boost investment and job creation.
Key Information: Bonus is an add-on to FastTrack grants, not a standalone award; eligibility and approval are at TNECD discretion.
Description
The FastTrack Bonus Incentives program, administered by the Tennessee Department of Economic and Community Development (TNECD), provides additional grant support to projects located in Tennessee counties designated as at-risk or distressed by the Appalachian Regional Commission. These bonus incentives are designed to encourage new investment and job creation in economically challenged areas by offering a premium—35% for at-risk counties and 50% for distressed counties—on top of the standard FastTrack project support. The program aims to make these regions more attractive for business location and expansion, thereby fostering local economic revitalization.
